Daimler Chrysler AG sells 5.34% stake in Tata Motors

ALSO READ See latest News about Tata Motors See what other Experts & Brokerages are saying about Tata Motors See messages about Tata Motors Tata Motors BSE | NSE 09/02/12 Are Mutual Funds betting on Tata Motors?

Tata Motors touched an intra day high of Rs 789.90 and an intra day low of Rs 750. At 09:04 hrs the share was quoting at Rs 764.00, down Rs 32.75, or 4.11%.

Daimler Chrysler AG has sold 5.34% stake in Tata Motors, quoting Sources, reports CNBC-TV18.

Daimler plans to sell up to 2.55 crore shares. The issue price of the block deal has been fixed at Rs 737.42-761.30 per share. Daimler will get between Rs 1886-1948 crore via stake sale. Citi is the sole banker to the Tata Motors block deal.
 
It was trading with volumes of 26,963,225 shares. Yesterday the share closed up 0.18% or Rs 1.45 at Rs 796.75.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	811.65	764.00	-47.65	-5.87
5-Days	797.10	764.00	-33.10	-4.15
7-Days	797.10	764.00	-33.10	-4.15
15-Days	704.95	764.00	59.05	8.38
1-Month	673.60	764.00	90.40	13.42
3-Month	723.60	764.00	40.40	5.58
6-Month	562.65	764.00	201.35	35.79
9-Month	364.75	764.00	399.25	109.46
1-Year	136.70	764.00	627.30	458.89